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The Canberra Times
The Canberra Times
National
Blake Foden

Crypto, cars among more than $500k worth of seizures in drug trafficking investigation

Matthew Byrne, right, outside court with solicitor Kamy Saeedi after being granted bail. Picture by Blake Foden

A man suspected of dealing drugs for a decade is unlikely to be the "cleverest druggo in the world", a magistrate has said after police seized more than $500,000 worth of assets as part of a three-month investigation.

Luxury cars and cryptocurrency were among the items seized on Thursday, when Matthew William Byrne, 32, was arrested for allegedly using encrypted devices to facilitate a drug trafficking operation that is also said to involve business partner Sebastian Srna.

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